Incorporated in January 2008, Prostarm Info Systems Limited is an Indian company specializing in designing, manufacturing, and selling Energy Storage and Power Conditioning Equipment. The shares were listed on BSE and NSE on June 3, 2025. The company has established itself as a prominent player in India's power solutions sector, serving diverse industries with its comprehensive range of power backup and energy storage solutions.
The company began operations in 2008 by selling, supplying, and installing third-party-manufactured batteries and uninterruptible power supply (UPS) systems. Over the years, it has transitioned into designing, manufacturing, and assembling a broad portfolio of energy storage and power conditioning equipment under its own brand. Prostarm manufactures various Power Solution Products, including UPS systems, inverter systems, solar hybrid inverter systems, lithium-ion battery packs, and voltage stabilisers.
Prostarm operates through multiple manufacturing facilities to meet growing demand. It has three manufacturing units: two in Pune and one in Mahape, Navi Mumbai. In 2024, the company expanded its lithium-ion battery packs manufacturing facility to 1,00,000 kWh capacity per annum in Mahape, Navi Mumbai.
The company offers customised and standard products, produced both in-house and through contract manufacturers. Additionally, they sell third-party batteries and provide reverse logistics, end-of-life disposal services for UPS systems and batteries, and other related products. The company also executes rooftop solar power plant projects in India on an EPC (Engineering, Procurement, and Construction) basis.
In 2011, Prostarm expanded its footprint into AMC (Annual Maintenance Contract) services, securing a contract from a key global manufacturer of ATMs for UPS and batteries installed at ATM sites across India for a private bank. In 2018, the company diversified into the EPC segment for rooftop solar PV projects, leveraging its core capabilities in power solutions and capitalizing on India's growing renewable energy sector.
The company has also made significant strides in technology advancement. In 2022, it set up a lithium-ion battery packs manufacturing unit, ventured into a new product line of solar hybrid inverter systems, commissioned the first 300 KVA UPS with an inbuilt Isolation transformer & IGBT rectifier with batteries, and acquired assets to initiate production of isolation transformers.
Prostarm Info Systems boasts an extensive network across India, with 21 network branch offices and 2 storage facilities spread across 18 states and 1 union territory. This wide reach enables efficient distribution and after-sales service, supporting the company's diverse customer base.
Notable clients include Larsen & Toubro Limited and Tata Power Co. Limited. The company serves various sectors including banking, healthcare, IT, manufacturing, defence, and government institutions.
Prostarm Info Systems Ltd has a market capitalisation of ₹1,267 crore as of July 2025. The company's financial performance has shown consistent growth over recent years.
- Market Capitalization: ₹1,267 crore (as of July 2025)
- Revenue Growth:
- FY22: ₹171.31 crore
- FY23: ₹230.36 crore
- FY24: ₹257.87 crore
- Net Profit:
- FY24: ₹22.83 crore
- 9M FY25: ₹22.11 crore
- Q1 FY25 (Consolidated): Profit of ₹6.78 crore on a total income of ₹82.28 crore
- PE Ratio (Jul 10, 2025): 39.12
- PB Ratio (Jul 10, 2025): 0.23
- 52-week High: ₹216.55
- 52-week Low: ₹108.00
- Promoter Holding: 72.82% (as of May 2025, down from 100% in Sep 2024 due to IPO)
The Prostarm Info Systems IPO was a main-board IPO of 1,60,00,000 equity shares of the face value of ₹10, aggregating up to ₹168.00 Crores. The issue was priced at ₹105 per share. The IPO opened on May 27, 2025, and closed on May 29, 2025.
The stock listed at ₹120 apiece on the National Stock Exchange (NSE), a premium of 14.29% over the issue price of ₹105 per share. On the BSE, it debuted at a 19% premium at ₹125 per unit.
Prostarm has been actively expanding its manufacturing capabilities and market presence. On July 8, 2025, Prostarm announced plans to invest INR 25 crore in a 1.2 GWh BESS (Battery Energy Storage System) manufacturing facility at Jhajjar, Haryana, by FY26 end. This investment demonstrates the company's commitment to expanding its battery energy storage system manufacturing capabilities.
The company's stock advanced 3.36% after receiving a letter of intent (LoI) from Bihar State Power Generation Company (BSPGCL) for setting up a 30 MW/120 MWh standalone battery energy storage system (BESS). Such contracts indicate the company's growing presence in the utility-scale energy storage market.
Promoter holding in Prostarm Info Systems Ltd decreased to 72.82 per cent as of May 2025 from 100.00 per cent as of September 2024. This reduction is primarily due to the public issue of shares through the IPO, which has brought in new investors and improved the company's public float.
Prostarm Info Systems is focusing on strengthening its operational capabilities and expanding its market reach. With its comprehensive product portfolio, strong financial performance, and strategic expansion plans, the company appears well-positioned to capitalize on India's growing demand for energy storage and power conditioning solutions.
